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(International Herald Tribune) Asinine Wondering where your bailout tax dollars went? Why, to pay off the prostitution debts of corporate CEO's, and wall street bankers and lawyers, of course   (iht.com) divider line 106
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Saborlas [TotalFark] 2009-02-08 01:46:00 AM  
And this is supposed to be surprising HOW?

Gee, we give a bunch of money to greedweasels who don't really care about their company burning as long as they get 8-digit paychecks, and we don't enforce any regulation on how that money is spent. There's no possible way they'd just take the money and spend it all on hookers and blow! These captains of industry are responsible people who willingly make sacrifices to make sure *snert* *giggle* Bwahahahahaha! Couldn't keep a straight face anymore!

 
Awesome T-Shirt 2009-02-08 02:25:41 AM  
But I thought people who get paid a lot no matter how bad their company does would be more responsible! I swear!

 
hsg 2009-02-08 02:27:08 AM  
In before the corporate bootlickers make their pitiful case that this is somehow acceptable.

 
steveGswine 2009-02-08 02:28:49 AM  
Wait wait wait...

People pay for whores with credit cards?

How many stupid people have to be involved in that transaction?

 
Somaticasual [TotalFark] 2009-02-08 02:30:12 AM  
At least it's the big guys getting screwed..

//it's just the definition that needs to be worked on.

 
DeaH 2009-02-08 02:30:33 AM  
Did they pay for their blow with stock options?

 
Nocens 2009-02-08 02:31:41 AM  
steveGswine: Wait wait wait...

People pay for whores with credit cards?

How many stupid people have to be involved in that transaction?



About 300 Million

 
vaconex 2009-02-08 02:32:28 AM  
Perhaps the Joker was right in calling CNN and putting out a hit.

Where's heath when you need him?

/in the ground
//how did Batman win?
///Heath died.

 
Alien Robot 2009-02-08 02:32:53 AM  
Countdown until we see this headline:

Wondering where your stimulus tax dollars went? Why, to pay off the prostitution debts of Union bosses, and community organizers and Democrat special-interest lobbyists, of course

10, 9, 8 ...

 
steveGswine 2009-02-08 02:33:09 AM  
Nocens: About 300 Million

Sounds exhausting.

 
NYZooMan 2009-02-08 02:33:44 AM  
But if we don't provide them with hookers and blow the best will go to work somewhere ELSE!

 
Cthulus_Toaster 2009-02-08 02:34:57 AM  
Worry not my friends I shall eat them all soon!

 
biggestdog420 2009-02-08 02:36:09 AM  
hey.. screw the shareholders.. screw the company... thats the way its worked...

take a look at First Southwest Company .. they bagged themselves with a bunch of muni bonds they couldn't sell.. so what to do? MERGE with Plaines Capital bank!.. that way they can get on that TARP gravy train--- the federal bailout money is a result of extortion and then to rub salt in the wound the banks are not even letting that money become available for lending.



disgusting.

 
mekki 2009-02-08 02:36:49 AM  
Welcome to 2009, Business people of Wall Street. No longer can you sneak around spending money like it's water. The public has become Big Brother and we are watching you like a hawk. If you want to buy inane stuff on your own dime, rock on. However, you don't want to do that. You want to spend the money we, as a country, as a government, have given you on trivial things. Sorry, but we can't let you do that.

If we gave you money to fix a leaky dam, you better believe we expect you to spend it on cement and tools and not on private jets and women.

Now do your job.

 
nicoffeine 2009-02-08 02:37:04 AM  
I love being the devil's advocate, so you'll excuse my indulgance for a sec.

I don't see a direct line from the "bailout tax dollars" (whatever the hell those were) to this madame. The credit cards were assigned to the execs and lawyers by the company, and while they were misused, any further pay to the debtor is doubtful to be absorbed by the expense accounts.

If the company simply decides not to honor the expense, it's no big deal. The users of the accounts will have to personally credit them out.

 
Rustem 2009-02-08 02:37:21 AM  
NYZooMan: But if we don't provide them with hookers and blow the best will go to work somewhere ELSE!

hahahaaaa... I love that argument.

 
mecaenas 2009-02-08 02:37:41 AM  
Has anyone tried fixing this problem with tax cuts?

 
jasnotron 2009-02-08 02:39:45 AM  
mecaenas: Has anyone tried fixing this problem with tax cuts?

No but they did try to fix it with a massive payout of taxpayer money. Think the next one will work any better ?

 
Solty Dog 2009-02-08 02:39:54 AM  
Legalize it.

 
cchris_39 2009-02-08 02:42:07 AM  
Saborlas: we don't enforce any regulation on how that money is spent

The government regulates how private companies spend their money?

 
snow9999 2009-02-08 02:44:00 AM  
I wonder how long it will be till some of these execs start getting knocked off by people who have been laid off and have nothing more to lose.

 
Nowhereman 2009-02-08 02:45:04 AM  
lcn.canoe.ca
If things like this didn't happen Lester Burnham wouldn't have lost his job

 
snow9999 2009-02-08 02:45:05 AM  
cchris_39 2009-02-08 02:42:07 AM
Saborlas: we don't enforce any regulation on how that money is spent

The government regulates how private companies spend their money?

The government should be able to regulate how the money that it gives companies is spent. If they do not like the regulation, don't take the money.

 
dericwater 2009-02-08 02:45:25 AM  
I'm sorry to hear that Kristin Davis will be committing suicide in a few months. I'm guessing hanging by her neck in the garage and a handwritten note in the bedroom saying that she's sorry for getting her family's name into this mess.

 
mekki 2009-02-08 02:45:45 AM  
snow9999: I wonder how long it will be till some of these execs start getting knocked off by people who have been laid off and have nothing more to lose.

I bet you there's a pool in Vegas taking odds on this happening even as we speak.

 
Mitch Mitchell 2009-02-08 02:45:51 AM  
mecaenas: Has anyone tried fixing this problem with tax cuts?

Does hookers and blow paid for with coupons count as tax cuts?

 
Fark Me To Tears [TotalFark] 2009-02-08 02:48:04 AM  
FTFA: A former madam of a high-priced New York prostitution ring alleges in a U.S. television interview to be aired on Friday that investment bankers, Wall Street lawyers, CEOs and media executives often paid for her services using corporate credit cards.

This story is worthless without names.

Name names.

Seriously.

"Let all the poisons that are buried in the mud hatch out."

/obscure?

 
Shyla 2009-02-08 02:48:48 AM  
Alien Robot
Countdown until we see this headline:

Wondering where your stimulus tax dollars went? Why, to pay off the prostitution debts of Union bosses, and community organizers and Democrat special-interest lobbyists, of course

10, 9, 8 ...


You're probably right since the republicans get all their gay sex free in airport bathrooms.

 
Drakuun 2009-02-08 02:49:18 AM  
jasnotron: mecaenas: Has anyone tried fixing this problem with tax cuts?

No but they did try to fix it with a massive payout of taxpayer money. Think the next one will work any better ?


Why do you assume it won't?
Why do you then think we should do nothing at all, but stand around and let EVERYONE fail?

The stubborn inaction of some people over this just boggles my mind.

It's all fear and cowardice. Afraid to move forward after a mistake, and to cowardly to hold the people who ripped us off accountable.

In other words, grow a pair.

 
Sluggard Stone 2009-02-08 02:49:36 AM  
Well, at least someone got some whores out of it.

 
mecaenas 2009-02-08 02:50:06 AM  
jasnotron: mecaenas: Has anyone tried fixing this problem with tax cuts?

No but they did try to fix it with a massive payout of taxpayer money. Think the next one will work any better ?


I'm sure it will, because handing money out to the uber rich sociopaths who run Wall Street is proven to deliver nothing but economic growth and prosperity for all! Huzzah!

It just occured to me that this is trickle down economics in action, but not the kind of trickling that was intended. Ewww ewww eww.

 
jasnotron 2009-02-08 02:52:54 AM  
Drakuun: jasnotron: mecaenas: Has anyone tried fixing this problem with tax cuts?

No but they did try to fix it with a massive payout of taxpayer money. Think the next one will work any better ?

Why do you assume it won't?
Why do you then think we should do nothing at all, but stand around and let EVERYONE fail?

The stubborn inaction of some people over this just boggles my mind.

It's all fear and cowardice. Afraid to move forward after a mistake, and to cowardly to hold the people who ripped us off accountable.

In other words, grow a pair.


Why do I think it won't work !? Have you seen what the first massive round of spending has gotten us ? Oh wait you're right I should be ok this time around because the government will be more efficient with the money right ?

 
mama's_tasty_foods 2009-02-08 02:53:36 AM  
The same people howling about this, are the ones who would any other time tell you prostitution and drugs should be legal.

Sure, if these people spent money on whores they should be busted for it.

But as to other (legal) forms of executive extravagance: if you supported these bailouts, I fail to see why you have a problem with this. For example a CEO gets a private jet. Doesn't that employ the people who have to make it, outfit it, and staff it? A CEO uses bailout money for a lavish office redecoration: doesn't that employ contractors, designers, and the like?

The bailout proponents understand these things. Indeed, they knew damn well when they were pushing the bailout that such spending was going to take place- a multibillion-dollar doleout with no restrictions will do that, every farking time.

If you, however, are surprised and outraged at the executive spending, and think that these pols are taking your side in this, you are being played.

 
Lenny_da_Hog 2009-02-08 02:54:16 AM  
NYZooMan: But if we don't provide them with hookers and blow the best will go to work somewhere ELSE!

That was actually an entertaining remark, aimed at your own side of the fence! I'm proud of you today, NYZooMan!

/hug

 
snow9999 2009-02-08 02:54:28 AM  
If this was China, they would have executed all of these crooked biatches.

 
jasnotron 2009-02-08 02:55:36 AM  
mama's_tasty_foods: The same people howling about this, are the ones who would any other time tell you prostitution and drugs should be legal.

Sure, if these people spent money on whores they should be busted for it.

But as to other (legal) forms of executive extravagance: if you supported these bailouts, I fail to see why you have a problem with this. For example a CEO gets a private jet. Doesn't that employ the people who have to make it, outfit it, and staff it? A CEO uses bailout money for a lavish office redecoration: doesn't that employ contractors, designers, and the like?

The bailout proponents understand these things. Indeed, they knew damn well when they were pushing the bailout that such spending was going to take place- a multibillion-dollar doleout with no restrictions will do that, every farking time.

If you, however, are surprised and outraged at the executive spending, and think that these pols are taking your side in this, you are being played.


You are so right on with this. The strange thing is that people think that it will suddenly work out differently when the government is the one spending the money.

 
I know more than you 2009-02-08 03:00:29 AM  
I challenge anyone to find a better place for the money than this:
img6.imageshack.us
img5.imageshack.us
img26.imageshack.us

 
Credy [TotalFark] 2009-02-08 03:03:14 AM  
Who in the hell pays for an illegal act with credit cards? Cash anyone?

 
zerth 2009-02-08 03:04:27 AM  
Fark Me To Tears: "Let all the poisons that are buried in the mud hatch out."


Only obscure if you misquote it.

/"lurk"
//"buried" only leads to this thread on google
///Like your version better, though.

 
Robopuppy Mistreatment 2009-02-08 03:06:51 AM  
There wouldn't be a problem here if we got hooker coupons with our stimulus checks.

 
eternalgreenknight 2009-02-08 03:08:20 AM  
I've just reviewed a small part of the bloated "Stimulus Package" on www.congress.gov It's right there under HR1 for all to read, but it's so incredibly thick with pork that there is no way anyone could ever read the whole thing, much less the hundreds of amendments. The "Hope and Change" has turned into a message of fear that "unless this package is passed, there will be a catastrophe." The catastrophe, if it comes, will be spurred on by the very sort of proposals we find in this bill.

Obama wants to create 244,000 or so government jobs. People just hear "create jobs" and think it's wonderful. The problem with that is, government jobs increase the burden on taxpayers. I have had "educated" people argue, "but government employees pay taxes too." A government employee pays taxes, but they are still costing taxpayers money because they are not taxed at 100% for obvious reasons. IF they pay taxes (unlike some members of Congress), then they are paying between 20% and 30%. Where do you think the rest of the money comes from? That's right. You! You are forced to pay other people's salary. When the burden is necessary, such as for funding the military, or other worthwhile programs we benefit from, we gladly pay our taxes (or at least we should). However, how does creating 244,000 or more government jobs help stimulate the economy and help reduce our debt? It doesn't. This is why people have been arguing for a smaller government for years. A smaller government is less of a burden, allowing people to get out of debt, and not dig deeper. By increasing government jobs and taking away from the private sector, and increasing taxes to cover the expense, you decrease the number of those paying taxes whose salaries are not entirely covered by tax dollars. Private salaries are fueled by commerce, so if the industry fails because of mismanagement, or because it was not something people wanted to buy into, the majority of the population is no worse off. However, by forcing citizens to invest into failed private enterprises (nationalizing), you increase the tax burden on them, and take it away from others.

Another argument for smaller federal government comes again in light of the federal government getting involved in areas best left to private business (Other than creating jobs in the above example). Let industries rise and fall as they may- that is the price of free enterprise. Bailing out and rewarding failure brought on by corruption increases the burden on the taxpayer. The government attempting to be more than simply government does that as well. Consider the $9 BILLION dollars proposed for increased broadband internet access. If people want faster internet, let the industry and the customers pay for it. If you pay for your own faster internet already, you will see even less money as your taxes increase to pay for programs the government was not designed to play a role in.

To deceive everyone, you will get a $500 or $1,000 tax credit. Other credits can be had, but these credits mean less money is going to pay for all of the multitude of programs your tax dollars funded in the bill. You could spend an entire day just wading through the individual headings, and not ever make it to the text. This sort of complexity in legislation was argued against by our forefathers. If and when the government creates legislation, it should be straight-forward, and "transparent," to use the popular term. This bill is anything but transparent. The cost that most people are not made aware of, is that for every $1 brought in in taxes, this bill spends $4. The long-term costs will be exponential considering there is no plan for next year's budget, much less to pay for these expenses- so we will continue to dig at a rate of 4 times worse than we already were.

As gargantuan as this pit that is HR1 is, it pales in comparison to the long term costs of continuing to "avert a catastrophe" by making the situation worse. In digging this pit, we are borrowing from not just ourselves, but piling a huge burden (that only increases with time) onto the backs of future generations, and heading down a path that will lead to the destruction of America, and destabilize the world as we know it, leading to war, famine, plague, and death. Continuing to rob from citizens to inflate government control, which results in ever growing burdens on the citizenry, is tyranny, plain and simple. A government that prints more money to pay itself is not a self-contained system; the livelihood of the populace must be tapped to support it. You will become a slave to this ever-growing-pit if this sort of "stimulus" plan is enacted.

/You can put on your Che t-shirt and pretend to be enlightened if you want. It won't make things better.
//Sometimes the system is broken and throwing money at it won't make it better either.
///Courage is throwing out the package, and having personal responsibility, not supporting some bloated congressional pork program because someone frightened you into doing so.

 
Pilot Kosmosa 2009-02-08 03:10:10 AM  
When I pay my taxes, I don't ever try to fool myself into thinking its going to a good cause. So when I see news like this I'm all like, meh, figures. Sad that its like that, but what can we do?

 
EmmaLou 2009-02-08 03:11:54 AM  
If they're going to be paying debts of corporations, why not pay the debts of the American taxpayer. Don't give taxpayers a check, though. I would be more than over joyed if the government took over my student loan debt and just paid it off. Then my lender gets paid, I get more free income, and hell...I would continue to work in public interest for 10 years so I'm giving back.

If my taxes are eventually going to go up because of this massive spending, then I want something substantial out of it.

 
eternalgreenknight 2009-02-08 03:12:08 AM  
I know more than you: I challenge anyone to find a better place for the money than this:

I stand corrected. Hookers and blow for everyone! Unicorns and rainbows too!
/Oh noes wait! That's only for CEOs and gubmint fat-cats. Nevermind.
//the bailout sucks.

 
TimonC346 [recently expired TotalFark] 2009-02-08 03:12:44 AM  
We will care one day. I know it'll be too late by then.

//drunk.

 
eternalgreenknight 2009-02-08 03:13:22 AM  
EmmaLou: If they're going to be paying debts of corporations, why not pay the debts of the American taxpayer. Don't give taxpayers a check, though. I would be more than over joyed if the government took over my student loan debt and just paid it off. Then my lender gets paid, I get more free income, and hell...I would continue to work in public interest for 10 years so I'm giving back.

If my taxes are eventually going to go up because of this massive spending, then I want something substantial out of it.


THIS!

I've been responsible and paying for my mortgage. Why take MORE MONEY from me to bail out the industry who has been squandering my money that I've been giving it?!?!

 
Fenixpark 2009-02-08 03:18:07 AM  
nicoffeine: I love being the devil's advocate, so you'll excuse my indulgance for a sec.

I don't see a direct line from the "bailout tax dollars" (whatever the hell those were) to this madame. The credit cards were assigned to the execs and lawyers by the company, and while they were misused, any further pay to the debtor is doubtful to be absorbed by the expense accounts.

If the company simply decides not to honor the expense, it's no big deal. The users of the accounts will have to personally credit them out.


These visits were sometimes being billed to company credit cards and listed as bogus expenses. If one of those bogus expenses, as they are listed on expense reports are eligible for the bailout money, then yes, the execs are buying hookers and blow on our dime.

 
jasnotron 2009-02-08 03:20:48 AM  
The best way to help out banks/consumers/Wall Street would have been for the government to step in and pay off the troubled mortgages. That way the banks get their money, stocks stay up, and people don't have to get kicked out of their homes. We could have just given these folks a reduced interest mortgage or given them 6 months to find a house that they could actually afford using legitimate/safe mortgages or they could just rent homes/apartments.

 
bubba0077 2009-02-08 03:25:49 AM  
As deplorable as this behavior was (that it was charged to their companies, not the prostitution), I have to point out this happened *before* the bailouts, so it was not done with taxpayer funds.

The pootang purchased tonight, of course, is.

/pay for it in cash out of your own pocket like the rest of us

 
Drakuun 2009-02-08 03:27:43 AM  
The time to honor yourselves is at an end.

 
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